MRO ANALYSISThe market has been tracing out an impulse from March 2020.The market move from May 2022 is taking the form of a triangle, after the correction is done the market will resume the move up.
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About Marathon Oil Corporation
Sector
Industry
CEO
Lee M. Tillman
Website
Headquarters
Houston
Employees
1.57K
Founded
1887
ISIN
US5658491064
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.
Rising WedgeBoth lines slope up and converge at the apex.
This is an area of over-supply.
This pattern is not valid until the bottom line is broken and is support until then.
No recommendation.
Long MRO at 22.00 Target 25Look daily chart on left look stoch trying heading up
look buying vol look good and holding support
Know look weekly on the right heading down so not investment
I am playing daily stoch calling this a swing trade long
20.50 my stop
Oil Driller May Face Downside RiskMarathon Oil has staggered along with other energy stocks in recent months, and now traders may see risk of a selloff.
The first pattern on today’s chart is the series of lower highs since mid-November while prices bounced at or near $26. A potentially bearish descending-triangle pattern has been t
MRO - The Bear Market Awakens 🐻❄️MRO opening down 3% and MUCH MORE to come here as MRO and USOIIL move deeper into the bear market.
Same as my XOM thread the big clues were in the MRO/USOIL chart - back on December 1st revealed a top and showed bearish corrective price action.
as did MRO against the dollar
It is interesting
MRO - IdeaAn Idea suggesting an uptrend in green on MRO
Following a breakout of the down channel in red
Stock idea
Weekly
$MRO with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MRO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Marathon Oil Regaining Momentum.Marathon Oil was a nice steady runner throughout the last 12 months pre pullback with the wider market. It's back up above its 20 day moving average and showing signs of regaining some of its momentum.
Just keep an eye on earning due in the next couple of days and see which way the stock reacts dep
MRO - Will See $7 Down The RoadMRO is going to have a big tumble after this very steep and unstable upthrust from deep lows.
Has been well overbought on the monthly RSI for some time now.
Also piercing through the 50 month MA will most likely prove to be a shakeout reversal and wick through on a higher time frame candle.
USOIL
can the new trend support hold? nice break past local trend resistance recently, slow grind higher since it broke. Now holding above a local trend support, as long as that holds we can target 23.6-24.7-25.8
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